Diversified conglomerate San Miguel Corp. (SMC) made it to the top 10 of the 2025 Southeast Asia 500 rankings, ranking 9th or the same as last year.
The rankings were based on revenues generated by top Southeast Asian companies in 2024.
For the second year and since the inception of the list, SMC ranked ninth, bolstering its position as the top conglomerate and biggest corporation in the country. SMC recorded $27.477 billion in revenues last year, 5.7-percent more than in 2023.
For its part, SM Investments landed at No. 25, with revenues of $11.429 billion in 2023, which is 11.2-percent higher compared to 2024.
Meanwhile, Singapore-headquartered commodities trader Trafigura earned the No. 1 spot on the Fortune Southeast Asia 500 for a second year, generating more than $243 billion in revenue in 2024, followed by Thailand's PTT (No. 2), Indonesia's Pertamina (No. 3) and Singapore's food and agribusiness powerhouses—Wilmar (No. 4) and Olam (No. 5).
The top five companies generated nearly $516 billion in revenue, or 28% of all 500 companies combined.
Together, the top 10 generated $660 billion—36 percent of the list's total revenue—while the top 20 accounted for $836 billion, nearly half the combined revenue of all 500 companies.
Clay Chandler, Executive Editor Asia of Fortune 500 said that Southeast Asia is now an emerging manufacturing and export hub.
"The region has become a crucial manufacturing and export hub, which is drawing significant capital flows. This momentum has been further fueled by Trump-era tariffs, which have reshaped global trade dynamics and driven a shift towards Southeast Asia,” he said.
SMC PHOTO
